New York Times article regarding best down payment amounts for Home Loans

This article is worth a quick read if you are in the market to make a purchase. As with any large investment it is worth your time to educate yourself and determine how your purchase fits into your financial plan.

HOME buyers are often advised to come up with at least a 20 percent down payment, or face the likely additional expense of private mortgage insurance. But this year, at least, that counsel would not have saved them as much money as in the past.

Note: For the rest of the story go to:

http://www.nytimes.com/2009/09/06/realestate/06mort.html?_r=1&ref=realestate